Analysis of Western-central micro-market of Ahmedabad
15.16.Emerging Business Opportunities in IFSC OPPORTUNITIESOF BANKS IN IFSC: By enabling foreign currency transaction by institutional clients, benefit is received with an ability to transact the currency in offshore markets from IFSC. By deployment of funds to Indian residents’ benefit received is an ability to meet the requirements of the corporates at domestic and International levels both. By factoring the trade receivables, benefit received is to tap the growing trade in the region. Deals in the derivative and structured market products based on options, debts etc. foreign and IFSC markets will be able to deal with currency derivatives listed on exchanges in foreign and IFSC markets, thus will be able to provide the products to hedge the risk exposure.
OPPORTUNITIES OF CAPITAL MARKETS IN IFSC: Opportunities to provide a wide range of securities to Indian and foreign investors looking to invest in exchanges that set up IFSC unit in SEZ premises and provide a chance to Indian investors to raise the foreign currency capital. This could eventually benefit by attracting the Indian and Foreign investors. Other benefit received is lower net worth requirement of INR 25 Cr initially when compared to INR 100 Cr which is required to set up exchange in India. Capital Markets: 1. Connectivity with global trading platforms 2.Global wealth and asset management presence. 3. Guidelines for overseas mutual funds. Insurance: 1. Enabling guidelines for foreign insurance and reinsurance brokers.
Aircraft leasing and financing: 1. Enabling aircraft leasing and financing regime. 2.Promoting in-house aviation capabilities.
Other Developments: 1. Setting up India's first International Bullion exchange. 2.High end processing center.
OPPORTUNITIES OF DIRECT INSURANCE IN IFSC: Indian Insurers can undertake direct and offshore insurance business of the companies in the IFSC and thus tap the business of trade. Similarly, for foreign reinsurers can undertake offshore and direct reinsurance business in any location of IFSC under IRDA regulations on reinsurance as per Insurance act 1938. OPPORTUNITIES OF SEZ UNITS IN IFSC: Opportunities available for IT/ITeS Companies in GIFT area are setting up R&D facilities for various IT companies, vertical IT/ITeS parks, e-commerce companies, web digital development, software application development etc. The units set up under SEZ can be for trading, commerce, call centers, data processing, engineering and design, educational services, financial services, tourism, entertainment, medical facilities, legal data bases etc. 195 | Page
